Sembcorp Marine (SMM) scored a US$417 mil jack-up rig deal which consists of two turnkey contracts yesterday. The orders were from a repeat customer Oro Negro and are scheduled for delivery at the end of July 2015. Including the recent two turnkey contracts, the total number of jack-up rigs ordered by Oro Negro now stands at six units.
 
Managing Director of PPL Shipyard (subsidiary of SMM) is heartened with the repeat order as it signifies “the trust and confidence that Oro Negro has in PPL Shipyard’s design capabilities, its efficient project execution and track record for quality and timely deliveries”.

Source: Macquarie Research - 2 Jul 2013